Full service rental property management in Elk River, MN
Elk River licenses rental dwellings through a dedicated Rental Dwelling Licensing Division and inspects annually. Freedom Rental Property Management manages single family homes, townhomes and small multifamily rentals in Elk River and handles whatever the city does require.
Pricing and marketing, tenant screening, leasing, rent collection, monthly owner statements, maintenance with after hours on call, and an annual inspection with photos. No markup on vendor invoices.
More on the role in what a property manager does.
Freedom Rental Property Management is an Elk River property management company based in nearby Maple Grove. Owners get one local point of contact, fast answers, and a team that runs your home the way we run our own rentals.
Tell us about your property and we’ll send a free rent estimate and walk you through what Elk River requires. We reply by email and text within a few minutes, 8 a.m. to 5 p.m.
Get a free Elk River rent estimate
What does property management cost in Elk River?
Managing a Elk River rental is a flat $125 a month, whatever the rent, rather than the 8% to 12% of collected rent most companies charge. Tenant placement is 50% of one month’s rent with a $995 minimum, renewal is $200, the annual inspection is $200, and there is no markup on maintenance.
Full schedule on our pricing page, with the year by year math in how much property managers charge.
What does an Elk River rental license require?
Elk River licenses rental dwellings through a dedicated Rental Dwelling Licensing Division and inspects annually. Elk River is structurally unusual: water, electric and trash all come from Elk River Municipal Utilities, a separate organisation from the city, so the rental license and the utility account are handled by two different bodies with two different contacts. A tenant can pay, but the account stays in the owner name.
Who do you call about an Elk River rental license?
Rental questions in Elk River go to the Rental Dwelling Licensing Division on 763-635-1075.
Elk River sits in Sherburne County, so property records, tax statements and assessed values for a Elk River rental come from Sherburne County rather than the city.
The city publishes its requirements on the City of Elk River rental licensing page.
Who pays the city utilities on an Elk River rental?
A tenant can pay the Elk River city utility bill, but the account stays in the owner name, so an unpaid balance remains the owner responsibility.
The Elk River city bill covers water, electric and trash.
Elk River utility billing: 763-441-2020. More metro cities are dropping tenant payments on city utility accounts entirely, so what Elk River allowed when you bought may not apply now.
What do rentals go for in Elk River?
These are the ranges we see on Elk River rentals we manage and lease, based on 2026 rents. A three to four bedroom single family home in Elk River typically sits between $2,215 and $2,755 a month, with condition, finish level and garage space moving a property within that band more than square footage does.
| Property type | Typical Elk River rent |
|---|---|
| 2 bedroom townhome | $1,945 to $2,275 |
| 3 bedroom townhome | $2,255 to $2,550 |
| 3 bedroom single family | $2,215 to $2,495 |
| 4 bedroom single family | $2,470 to $2,755 |
| 5 bedroom single family | $2,680 to $3,020 |
| 2 bedroom apartment | $1,490 to $1,690 |
| 3 bedroom apartment | $1,770 to $2,080 |
Ranges are a starting point, not a quote. A free rental analysis prices your specific Elk River property against what has actually leased nearby.
Looking for a place to live? See our current homes for rent in Elk River and nearby cities.
How does Elk River compare with nearby cities?
City rules vary more across the metro than most owners expect, and a rule that applies in Elk River often does not apply a few miles away. Here is Elk River against three other cities we work in.
| City | City rental inspection | Tenant can hold the utility account |
|---|---|---|
| Elk River | Every year | No, owner name |
| Medina | No rental license | Not published |
| Andover | Every 2 years | No, owner name |
| Dayton | Not published | Yes |
For the statewide rules that apply in every city, see our guide to Minnesota landlord rules.
Areas we serve near Elk River
Freedom Rental Property Management works across the Twin Cities metro from our office in Maple Grove. Other areas we serve:
- St. Louis Park rental property management
- Rogers rental property management
- Minnetonka rental property management
- Albertville rental property management
- Wayzata rental property management
Full list on the service area page.
Talk to us about your Elk River rental
Freedom Rental Property Management LLC
13570 Grove Dr Suite 158
Maple Grove, MN 55311
Phone: 763-445-9774
A free rental analysis will tell you what your Elk River property should rent for, or contact us to go through the Elk River requirements together.